{
  "schema_version": "qanun-law-text/1",
  "id": "punjab-code-15e4c19996f8c819",
  "title": "PUNJAB FINANCE ACT, 1975",
  "source_collection": "Punjab",
  "content_kind": "stored_law_text",
  "content_extent": null,
  "source_url": "https://punjabcode.punjab.gov.pk/en/show_article/UWQAMgQ6BzM-",
  "version": null,
  "source_snapshot": "2026-08-06T16:56:03Z",
  "legal_status": "not independently verified",
  "text_quality": "Complete stored UTF-8 TXT file recovered byte-for-byte from owned Drive. Source transcription retained verbatim; legal completeness, OCR accuracy and current consolidation unverified.",
  "text_sha256": "a27a0799cf7eceb47c85d0dd4bb83304a562cfedd363deab407277a9990df4a7",
  "source_sha256": "a27a0799cf7eceb47c85d0dd4bb83304a562cfedd363deab407277a9990df4a7",
  "text_version_id": "law:punjab-code-15e4c19996f8c819:sha256:a27a0799cf7eceb47c85d0dd4bb83304a562cfedd363deab407277a9990df4a7",
  "quality_flags": [],
  "encoding": "UTF-8",
  "text": "THE PUNJAB FINANCE ACT, 1975 \r\n(XL of 1975) \r\nCONTENTS \r\n1. Short title, extent and commencement \r\n2. Definitions \r\n3. Amendment of Stamp Act, 1899, (Act II of 1899) \r\n4. Repeal of Section 10 of the W.P. Finance Act , 1965 (W.P. Act No. I of \r\n1965) \r\n5. Amendment of W.P. Urban Immovable Property Tax  Act, 1958 (W.P. Act \r\nV of 1958) \r\n6. Application of existing laws \r\n7. Bar of suits in civil courts \r\n \r\nTEXT \r\n1\r\nTHE PUNJAB FINANCE ACT, 1975 \r\n(XL of 1975) \r\n[28th June, 1975] \r\nAn \r\nAct \r\nto continue and levy certain taxes and fees in the Province of the Punjab. \r\nPreamble.– WHEREAS it is expedient to continue and levy certain taxes and fees in \r\nthe Province of the Punjab; \r\nIt is hereby enacted as follow:– \r\n1. Short title, extent and commencement .– (1) This Act may be called the \r\nPunjab Finance Act, 1975. \r\n(2) It shall extend to the whole of the Province of the Punjab. \r\n(3) It shall come into force on and from the first day of July, 1975. \r\n2. Definitions.– In this Act, unless there is anything repugnant in the subject or \r\ncontext the following expressions shall have the meanings hereby respectively \r\nassigned to them, that is to say– \r\n(a) “Government” means the Government of the Punjab. \r\n(b) “rural area” means an area not within the boundaries of a city, \r\nmunicipality or a cantonment board. \r\n(c) “agricultural land” means any land in the rural area other than a village \r\nabadi or a town. \r\n3. Amendment of Stamp Act, 1899, (Act II of 1899) .– In Schedule I to the \r\nStamp Act, 1899 (Act II of 1899) the following amendments shall be made:– \r\n(i) For the existing Article 23, the following shall be substituted:– \r\n“23. CONVEYANCE as defined b y section 2(10) not being a \r\nTRANSFER charged or exempted under No. 62– \r\n(a) In the case of \r\nagricultural land. \r\nRupees three for every rupees one \r\nhundred or part thereof of the value of \r\nland. \r\n  (b) In any other case. Five rupees for every rupees one hundred \r\nor part thereof of the value of the \r\nproperty.” \r\n(ii) For the existing Article 31, the following shall be substituted:– \r\n“31. EXCHANGE OF PROPERTY– \r\n                                                           \r\n1This Act was passed by the Punjab Assembly on 26th June, 1975; assented to by the Governor of the Punjab on 28th June, \r\n1975; and, published in the Punjab Gazette (Extraordinary), dated 28th June 1975, pages 945-A to 945-D. \r\nInstrument of– \r\n(a) When executed in \r\nrespect of \r\nagricultural land. \r\nOne rupee for every rupees one \r\nhundred or pa rt thereof of the value of \r\nthe property. \r\n(b) In any other case. Five rupees for every rupees one \r\nhundred or part thereof of the value of \r\nthe property.” \r\n(iii) For the existing Article 33, the following shall be substituted:– \r\n“33. GIFT– Instrument of, not being a SETTLEMENT (No. 58) OR \r\nWILL OR TRANSFER (No. 62). \r\n(a) When executed in \r\nfavour of legal \r\nheirs in respect of \r\nagricultural land. \r\nOne rupee for every rupees one \r\nhundred or part thereof of the value of \r\nthe property as set forth in such \r\ninstrument. \r\n(b) In any other case. Five rupees for every rupees one \r\nhundred or part thereof of the value of \r\nthe property.” \r\n(iv) In Article 45, in the proviso after the existing clause (c), the following \r\nnew clause shall be added:– \r\n“(d) When instrument of partition is exe cuted in respect of \r\nagricultural land, the stamp duty shall be charged as one rupee \r\nfor every rupees one hundred or part thereof of the value of \r\nsuch land.” \r\n(v) In Article 58 Part A, the existing clauses (i) and (ii) shall be renumbered \r\nas (iii) and respectively and the following clause (i) shall be inserted \r\nbefore clause (ii) so renumbered:– \r\n“(i) Where the \r\nsettlement is made \r\nin favour of legal \r\nheirs in respect of \r\nagricultural land. \r\nOne rupee for every rupees one hundred \r\nor part thereof , of the value of the  \r\nproperty.” \r\n4. Repeal of Section 10 of the W.P. Finance Act, 1965 (W.P. Act No. I of \r\n1965).– In the West Pakistan Finance Act, 1965 (West Pakistan Act No. I of 1965), \r\nSection 10 is hereby repealed. \r\n5. Amendment of W.P. Urban Immovable Property Tax Act, 19 58 (W.P. Act \r\nV of 1958) .– In the West Pakistan Urban Immovable Property Tax Act, 1958 (West \r\nPakistan Act, V of 1958) for the existing Section 3 -A the following shall be \r\nsubstituted, namely:– \r\n“3-A. Out of the tax collected under the Act from within the limi ts of  a \r\nMunicipal Committee, a Town C ommittee or a Cantonment Board, the \r\nGovernment shall, after retaining 5% thereof as collection charges, pay \r\n85% of the balance to such Municipal Committee, Town committee or \r\nCantonment Board, as the case may be.” \r\n6. Application of existing laws .– Where any tax imposed or any fee levied by \r\nthis Act is by way of an addition to any tax imposed or fee levied by or under any \r\nenactment and rules in force in the Punjab, the procedure provided in such \r\nenactment and rules for the  assessment, collection and recovery of such tax or fee \r\nshall, as far as applicable, apply to the assessment, collection and recovery of \r\nadditional tax or fee, as the case may be. \r\n7. Bar of suits in civil courts .– No suit shall lie in any civil court to se t aside or \r\nmodify any assessment, levy or collection of a tax or fee made under this Act and the \r\nrules made thereunder.",
  "passage_offset_convention": "zero-based Unicode code points and UTF8 bytes; end exclusive",
  "passages": [
    {
      "passage_id": "law:punjab-code-15e4c19996f8c819:sha256:a27a0799cf7eceb47c85d0dd4bb83304a562cfedd363deab407277a9990df4a7:chars-0-1797:f8b313c17c8040db610bac6282ea7b2c959685e0dd237eb36f1bdbc780b62c3c",
      "character_start": 0,
      "character_end": 1797,
      "utf8_byte_start": 0,
      "utf8_byte_end": 1829,
      "passage_sha256": "f8b313c17c8040db610bac6282ea7b2c959685e0dd237eb36f1bdbc780b62c3c",
      "reader_fragment": "p-0-1797-f8b313c17c8040db"
    },
    {
      "passage_id": "law:punjab-code-15e4c19996f8c819:sha256:a27a0799cf7eceb47c85d0dd4bb83304a562cfedd363deab407277a9990df4a7:chars-1797-3568:4f796831e42b02d98198a301d8bca6fb125ac2064d2b1a2e58f1deb031ac3e38",
      "character_start": 1797,
      "character_end": 3568,
      "utf8_byte_start": 1829,
      "utf8_byte_end": 3626,
      "passage_sha256": "4f796831e42b02d98198a301d8bca6fb125ac2064d2b1a2e58f1deb031ac3e38",
      "reader_fragment": "p-1797-3568-4f796831e42b02d9"
    },
    {
      "passage_id": "law:punjab-code-15e4c19996f8c819:sha256:a27a0799cf7eceb47c85d0dd4bb83304a562cfedd363deab407277a9990df4a7:chars-3568-5313:f03cc71e93e0a8fc42021aaab31fcce316e00da46d70e8e49cf8e1ec479b46f8",
      "character_start": 3568,
      "character_end": 5313,
      "utf8_byte_start": 3626,
      "utf8_byte_end": 5391,
      "passage_sha256": "f03cc71e93e0a8fc42021aaab31fcce316e00da46d70e8e49cf8e1ec479b46f8",
      "reader_fragment": "p-3568-5313-f03cc71e93e0a8fc"
    }
  ]
}